Case Studies

Origis Energy and Renewable Energy Trust Solar Partnership

Transaction Overview

  • Origis Energy (“Origis”) and Renewable Energy Trust Capital (“RET”) entered into a strategic partnership for the development and financing of solar power generation assets in the U.S.
  • As part of the transaction, RET acquired Origis’ operating U.S. solar PV portfolio, comprised of three fully contracted projects in Georgia with a total capacity of 24 MW
  • The parties simultaneously entered into a collaboration agreement pursuant to which RET obtained the right to acquire subsequent solar PV projects that Origis develops in the U.S.


  • Origis Energy is a leading integrated global solar project developer, contractor, investor and operator having developed or acquired over 80 MW of solar PV assets in Europe and the U.S.
  • Origis performs all engineering, procurement and construction activity, in addition to operating and maintaining all projects that the company develops
  • The partnership provides low-cost financing solutions for Origis and provides access to pre-arranged capital, allowing the company to focus on project development and accelerate its growth strategy
  • The partnership structure also allows Origis to maintain the ability to provide EPC, O&M and asset management services for its solar projects


  • RET is a leading solar and wind project investor backed by Blue Mountain Capital Management, a private investment fund with $19B of assets under management
  • RET has acquired over 100 MW of operating solar PV projects in the U.S. and seeks to partner with leading firms to provide low-cost capital for project deployment
  • The partnership immediately provides RET with cash flow positive assets and captive access to future investment opportunities through a large project development pipeline
  • The partnership can also be expanded outside of the U.S.

Greentech’s Role

  • Greentech served as the exclusive financial advisor to Origis Energy on the transaction
  • Based on the client’s needs and priorities, Greentech helped develop a sophisticated partnership structure.
  • Upon deriving the structure, Greentech ran a competitive auction process to find the most advantageous capital source for its client and subsequently helped negotiate the formation of the partnership
  • Greentech performed an in-depth analysis and comparison of all investor proposals to ensure its client’s needs were met
  • In advising Origis, Greentech combined its transaction structuring expertise, in-depth solar and project finance sector knowledge, and intimate understanding of the types of investments capital providers are seeking


  • The transaction was one of the first formal partnerships in the U.S. solar sector that created a clear and concise path to asset monetization for developers
  • The structure is replicable and efficiently facilitates the provision of low-cost, long-term capital for the development of solar projects
  • The transaction also provides capital for varying sizes of projects, providing significant and highly valuable flexibility for the developer
  • Enhancing access to reliable, low-cost financing helps expedite and facilitate growth of the broader renewable power generation sector

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